Emperor Culture Group (HKSE:00491) Inventory Turnover : 28.13 (As of Dec. 2023)

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What is Emperor Culture Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Emperor Culture Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$106.2 Mil. Emperor Culture Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$3.8 Mil. Emperor Culture Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 28.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emperor Culture Group's Days Inventory for the six months ended in Dec. 2023 was 6.49.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Emperor Culture Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Emperor Culture Group Inventory Turnover Historical Data

The historical data trend for Emperor Culture Group's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Emperor Culture Group Inventory Turnover Chart

Emperor Culture Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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87.44

36.60

42.34

53.89

55.99

Emperor Culture Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															37.65	21.28	26.68	26.95	28.13

Emperor Culture Group Inventory Turnover Calculation

Emperor Culture Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	184.331	/ (	(2.989	+	3.595)	/	2 )
=	184.331	/	3.292
=	55.99

Emperor Culture Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	106.235	/ (	(3.595	+	3.958)	/	2 )
=	106.235	/	3.7765
=	28.13

Emperor Culture Group (HKSE:00491) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Emperor Culture Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3.7765	/	106.235	*	365 / 2
	=	6.49

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Emperor Culture Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3.7765	/	267.186
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Emperor Culture Group Inventory Turnover Related Terms

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Emperor Culture Group (HKSE:00491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Emperor Culture Group Ltd (HKSE:00491) » Definitions » Inventory Turnover

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Address

288 Hennessy Road, 28th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.empculture.com

Emperor Culture Group Ltd is a Hong Kong-based investment holding company principally engaged in films and television (TV) series-related businesses. It is involved in entertainment, media, and cultural development businesses, which include (i) cinema operation; and (ii) investment in films and a variety of cultural events. It operates only in the cinema operation segment and generates revenue from the same.

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